George Soros Lecture Series: Financial Markets
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- Опубліковано 27 чер 2024
- Open Society Foundations chairman and founder George Soros shares his latest thinking on economics and politics in a five-part lecture series recorded at Central European University, October 26-30, 2009. The lectures are the culmination of a lifetime of practical and philosophical reflection.
Soros discusses his general theory of reflexivity and its application to financial markets, providing insights into the recent financial crisis. The third and fourth lectures examine the concept of open society, which has guided Soros's global philanthropy, as well as the potential for conflict between capitalism and open society. The closing lecture focuses on the way ahead, examining the increasingly important economic and political role that China will play in the future.
Learn more and watch the lecture series: www.opensocietyfoundations.org...
1:23 | Efficient market hypothesis is wrong otherwise I wouldn't be rich.
5:11 | Bubbles, boom and bust cycles.
10:20 | Real estate bubble and credit.
13:24 | Currency market waves, financial authorities.
16:04 | Guessing the market's direction is impossible.
16:09 | Rational expectations theory is wrong.
19:00 | Financial crisis proved mathematical models are wrong.
21:22 | Range of uncertainty is also uncertain.
23:30 | Explaining the financial crisis of 2008.
26:41 | Interventionist policies.
28:23 | Emerging markets bubble averted.
29:34 | A financial crisis is not just a bad dream.
31:00 | Monetary tools are not enough.
33:02 | Dotcom bubble.
34:55 | Synthetic securities, CDOs regulated or forbidden.
35:12 | Too big too fail institution solutions.
37:15 | Equity risk held by banks is ignored.
38:55 | How to solve a crisis.
40:15 | Theory of reflexivity provide better explanation than behavioral economics.
41:21 | My theory is not ready yet but efficient market hypothesis is shit.
42:13 | 50M Funding research to research on the theory and other better theories.
One of his books Sorso wrote, "Communism is no longer dangers to the Open Society, capitalism is dangerous to open society." But he also admitted he got filthy rich from capitalism! Did I hear him saying the system is broken and needs to be fixed? If is not broken don't need to be fixed
Jeto_ Pse_Jo so if we if we change in the US, he will just move elsewhere
@@ALBANIAN4FREDOM Good observation, but that's not engaging with his arguments though. You can consider his arguments whether he's rich or broke. And the current system worked for him because he understood it, but is it working for most people? For you?
@@ALBANIAN4FREDOM This is crucial idea........ Its politically frowned upon............which is the most telling aspect of ........
You dropped this 👑
He speaks like he is reading. I wonder if he can actually recite his book from memory. No, 'um', 'ah', 'listen', 'look'. No backtracking. Starts with a thesis statement sticks to it, concludes it, starts a new paragraph. It's amazing, actually.
He’s reading from a screen. Lol.
@@justsaiyansteve Well, it's not like I didn't think of that, if he is, ok, not so amazing. But i don't think he is. There are people that can do that, and they are usually special, which I think George qualifies as such. Kennedy, Obama to name a couple. peace
He is not reading from a screen, I was there.
@@liiveinternationalinitiati5004 Then what is the screen there for I would really like to know? Maybe just to keep him on track? In any case he is not that a gifted speaker perhaps for the initiated into his subject but for those not, he is not a great lecturer. Unlike say....... Jordon Peterson.
@@blackopal3138 lmao Obama? Really? It takes Obama a year to string a sentence together
You know you could work for 40yrs to have $1M in your retirement,meanwhile some people are putting thousands of dollars in a meme coin and now they are multimillionaires.
How long does it take to learn and make money after you get going? I might like to try it out in the future maybe, still kinda hesitate about it because I don't know all the ends and outs, pros and cons....
How does one knows a genuine and reliable account manager this days.
@@newelljesper1044 Having monitored my portfolio performance which has made a jaw dropping $200k from just the past two quarters alone, I have learned why experienced trader's make more success in the market.
@Tyler chapman Interesting,that's alot of profit you got there..and I have a lump sum doing absolutely nothing in my bank account, i wanna get something started with it, you seem to be doing excellent for yourself, how do you achieve this?
@Tyler chapman Do you trade by yourself?
His views, in my opinion, don't replace economics or finance, but they are still a very valuable explanation of why financial markets create bubbles and why both speculators and markets fail
YES, And I Agree !!
Hitler had some great advice, would you follow it?
@@resolution1, no, I don’t think he did…
@@resolution1If Hitler won the war, then perhaps his advice would have been worth listening to .
But he didn’t. George Soros however, won the Forex market and many other markets. He was so effective even national banks were scared of him. So yes soros is worth listrning to
I'll sum it up for you: Finance and philosophy mix. Sometimes we know. Sometimes we don't. Math always works, unless people are un predictable, then it doesn't
So thank God for those unpredictable! 🎉
12 years ago.... And we are truly into this thing now.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
@@corrySledd A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@sherryie2 Over the following 3 months, I want to increase my reserve from $280,000 to at least $550,000. I would be grateful for any advice you can give on how to accurately predict the market and how to diversify and balance my portfolio in order to accomplish my goal.
@@McElvinn Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.
@@sherryie2 Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Points covered by George: Efficient market hypothesis is a failing philosophy that should not be used to construct the financial market in the first place. With application of EMH we will have financial crisis. So, the remedies proposed by George Soros: authority not only control monetary supply but also credit availability; regulations on derivatives and synthetic securities and so on; authority intervention on financial market whenever necessary; design a set of specific regulation targeting "too big to fail" bank; the risk rating on securities held by banks should not be low; imbalances from the positions taken by investors should be mitigated
It's all about being on the right side of the trade. This guy has consistently made sure that he has been on the right side of the trade.
+Thaddeus Mccarthy except for 2008
Thaddeus Mccarthy More correct would be most of the time Soros was on the right side of the trade.
My view is: Where you have the chance to make money you also have to take the risk to lose money! It's as simple as that. What I hear in Soros speach is: "Please control my losses!" What a selfish man Soros is! :P
in hell evil old nazi beast
Trades maybe but he dumped a ton of money into Hilary's campaign & lost lol
Most folks commenting here clearly do not have the intellectual background to comprehend what is being argued, so they must resort to violent wishes and obscenities. As Shakespeare said: "I would challenge you to a battle of wits; but I see you are unarmed."
well said brother....understood a little albeit am willing to learn more...say by November ;0)
How interesting that we are now all becoming more aware of this phenomenon / possibility. What a Brave New World!
Thanks for reminding me of these lectures. I wanted to continue with them myself and forgot about them. Tough stuff; but deep thinking just IS difficult. Good luck to YOU in making progress with them.
Intelligence and success are not excuses for unethical behaviour. It is understandable and just that many wish him ill fortune.
He's advocating for more governmental control over the markets because he assumes that regulators can fix what he deems an issue. You'd have to adhere to the Keynesian theories to accept this. I repudiate that completely.
Sounds like we need some of it.
putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. success depends on the actions or steps you take to achieve it
starting earning is the best way of getting ahead to build wealth, investing remains a priority. the stock market had plenty of opportunities to earn decent payout with the right skills and proper understanding on how the market works
venturing into the Bitcoin without an adequate orientation with a professional broker for accurate signals. you might lose all your hard-earned money
you see in trading cryptocurrency one requires more than just a primary knowledge of crypto. it is best to trade with an expert to avoid unnecessary losses. it's available to have a professional trader/broker who is an expert on the field to help you manage your account
I highly recommend Stacy Griffin to anyone that is in need of a reliable broker she is my current trader and her strategies are working
You don't need to be shocked because I'm also a huge beneficiary of expert Mrs Stacy
His questions are pretty easily answered outside the economic goggles. And yes you are right Mr. Soros
the way he speaks in 2009 is very different from the way he speaks now
I get the sense that he would have much preferred to be a university professor than a speculator.
“When I see a bubble I rush in to buy, adding fuel to the fire”
It’s human nature
His point is that at the _start_ of a bubble it is indeed rational to buy in ASAP as the fastest way to get a great return short term and that is what makes bubbles so dangerous because long term they can not last and are destructive negative sum leaving a few lucky big winners and the masses badly hurt.
For our human minds investment bubbles are seductive like narcotics with reflexive danger being that once seduced your judgement is affected (which few expect will happen to them) and you become enslaved (till it is not sustainable any more).
@@chrislesner2822 I agree ten billion % doing this changed my life lmao
Lived beyond time and reality.
Thanks. Currently reading his book Alchemy of finance. Recommend it to all traders and invetors.
The book which seems to be 95% politics. Yes he hates Christians, Orthodox Jews and Republicans. But do not worry, he loves Nazis and thinks they were the greatest, so he does not hate everybody.
He’s evil and dangerous
He's describing a weekly chart. Look at any weekly chart across any asset class.
Yeah a 50 min long video he said weekly Chart. Cmon man
YEP, that's exactly it. Through his speech he uploaded all the OHLCV data for all markets for their 1w timeframes into my head
He gets it. Him and Paul Tudor Jones are special.
billionnaire traders understand econmics, shocking
very good!
Great for understanding Crypto Markets today
After 4th industrial revolution what would be new economic thought in globalisation.
It’s mass psychology at work. That’s all it is. The money goes where you want it to go. Follow the watch as it swings back and forth...but ignore the controller. It’s all based on human behavior. That’s how it works.
Is he speaking enlish?
And where does your money in time go
Given a home country and a foreign country, purchasing power parity (PPP) suggests that: a. a home currency will depreciate if the current home inflation rate exceeds the current foreign interest rate. b. a home currency will appreciate if the current home interest rate exceeds the current foreign interest rate. c. a home currency will appreciate if the current home inflation rate exceeds the current foreign inflation rate. d. a home currency will depreciate if the current home inflation rate exceeds the current foreign inflation rate
This lecture wrt to supply chain issues and what I think is a chaotic response to recovery of demand. I think the global economy is very far from equilibrium conditions.
I do not know how did I arrived to the Bilderberg's Agenda channel..
Mario Cabrera 😂😂😂
deep pockets for folks who play the long game on both sides makes it big
watching this during the pandemic july 2020.
you can tell whatever you want about his currency speculations but the fact is, he is extremely intelligent
Absolutely! He's 92, been in markets since 6 decades. That's a whole lot of learning curve. Extremely intelligent.
This is very similar to the archetypal big debt crisis template Ray Dalio describes in his Big Debt Crises book.
Come here after listening to Tony Bennet. Luxury and elegance
10:00 real estate bubble.
Fascinating lecture! He has a sympathetic/empathetic view of the regulators and people like Alan Greenspan who fundamentally disagree with his theory. Its refreshing to see an economist take a respectful line of "argument"....On a side note the comment section is entirely fascinating too. It's some sort of congregation of emotionally unstable people who just found out what compound interest is and now think their opinion matters.
If he has empathetic feelings, their purpose is to explore and exploit social science in order to accurately predict human behavior to benefit himself and his longed for, delusional leadership of a one government world. He is machiavellian and plays on emotions and trends, explores them, and reduces them to a science in order to accurately predict the market and build the world of his fantasies. And for you to disregard other people's opinions simply bc they may not be as knowledgeable in economics and speculation, and to do so with such disrespect, makes you less than knowledgeable. You are in fact a useful idiot. Worship this man's ideologies and see what it gets you in the long game, my friend.
He sounds like he’s doing assignment presentation where he remembered everything in the text
This guy is on another level
Another level than Benjamin Graham or Warren Buffett? Surely NOT! :P
I assume he is very selfish to advocate for control over the free markets! He might earn MORE MONEY in controlled markets. Just think about it!
Soros isn't complaining at all about winning money on free markets. He only complains about the (book) losses! That's not honest at all! :P
Yes IT certainly is, way down in the sewer
His trading record is way way better than Benajmin Graham or Warren Buffett!
@@MusikPiratCH He would earn the same in controlled markets as he would in free ones, because he speculates on currencies, which aren't controllable from a market perspective, since any singular nation can decide its own form of market, while exchanging currencies requires a form of regulation based on bilateral agreements between nations.
@@meathead919 lol no its not. Owning businesses clearly brings more money than using leverage to make money and destroying Eastern Europe and then somehow making money from that. Just look at Buffett's net worth and his. Maybe you don't make large sums of money as fast as Soros but over the years compounding is better and safe than soros' approach
Just watched this after the inflation rate for the US was announced at the highest since 2008. The fed has done the first part the Important question is will they get carried away or will they reverse the credit expansion and increase rates. I think the government has just postponed this from the 2008 crises and if they are not careful we can have hyperinflation.
& this reply didnt age well
Lol true @@mowi33
Patek Philippe Nautilus?
I just don't get how someone as intelligent as him can see all around him an increasing amount of regulation coming from all directions, an increasing amount of volatility, corruption, and loophole exploiting, and not put two and two together and see that it is precisely BECAUSE of all this market distorting intervention that markets get distorted. He seems to glance images of that fact now and then but never truly seems to understand it.
Money is a representation of value, and when you try to regulate anything to do with money, what you are effectively doing is trying to divert other peoples' values in a certain fashion, except that you've never really changed what they desire. As such, you'd just be guaranteeing that some people try to find a way around your regulations, which is one way to guarantee that large market bubbles occur regularly. After thousands of years of governments creating and repealing regulations, they have yet to create a perfect set, and they will always fail. They fail because there ISN'T one; just like how there is no such thing as a square circle. You cannot regulate peoples' values, only reality can. When people have 100% full exposure to the consequences of their own actions in reality, they will regulate and change their values and actions in reality. Over time, through this exposure, they may approach an ideal set of values and actions, or they may not. Either way, when people do not have this, this is another way to guarantee that large market bubbles occur regularly.
A big giant perfect rulebook enforced by an all-seeing incorruptible policeman does not exist, and even if it did, it would be NO substitute for cold hard reality taking its revenge upon the ignorant.
you're so right
according to the realists in international affairs, all governments exist in a state of anarchy
there is no rule book
everyone does as they please, and always will
Money don't always correctly represent value. Most of the money (>50%) that you are using now are just debt that will have to be paid in the future like 5 ~ 50 years. This is why the bubble appears and the government have to regulate them.
Its called blockchain and it will come to solve the trust problem
he basically meant:
efficient market theory is cool, but people arent suited with it
so there are loopholes in the financial market that is founded on such theory. the loopholes are exhibited as financial crisis
you can only make big money in these crisis because predecessors who allowed this bubble to grow cause they wanted to make early money , but the downfall is like catching a dagger where you never know when is the actual turning point of the bubble
Soros admitted hes been wrong about the turning point, never the less, being wrong sometimes still make big money, just bet small when volatility is big, but how do you determine whats the relativity?
all you can really do is just keep watching news, updating everybody’s opinions, and wait for the big iconic indicators to show up, also when luck is on the false and temporary’s side, feel free to join them for compensation.
Thanks ... For uploading
The GREATEST to ever do it! I admire this man❤️🔥
Can we, as George Soros does, call bank regulations which allow banks to leverage immensely more when lending to “The Infallible” than when lending to “The Risky” “leaving markets to their own devices”? No way Jose!
En definitiva. Soros recomienda no seguir las teorías de expansión y prestar atención en el soporte que se logra con las intervenciones de la fed y demás instituciones- Declarando que en corto tiempo no funciona en largo....muy bien explicado....---
15:51 is it still?
Its 2020, the super bubble bursts this year
It is not a new economic thinking, it is just improved. New would be an economy without banks as we know it.
Or at least a Central Bank
Sometimes logics don’t apply, we the market decide and at any point in time. Surprise!!
There are 2 things that came up to me after this lecturer.Soros is perfectly right about market situation and disequilibrium theory, and the other one that he suppose to be slapped is government intervention. In summarize constant disequilibrium is caused by new government policies and intervention. Distracting activity of government, especially money distribution to some sort of industries (eg.houses for first married, young and new house) enhance effect of creating or bursting bubble.
Not so. Soros acknowledges that government needs to intervene/regulate at certain times when the market endangers all investors, particularly pension funds. Moreover he advocates that *more* regulation is needed for certain types of trading, e.g. derivatives and real estate linked securities.
But even if you removed the forementioned causes of disequilibrium, you would still have boom/bust cycles because many traders and their clients seek short-term gain and it is _their_ reflexivity that causes them to impute either "value" or "overvalue" in various stocks that they will then buy or sell respectively. These feverish trades may either reinforce or cancel out each other's effect on the affected companies' valuations. Where reinforcement occurs, other traders will mark up or down the valuations of companies in the same sector or sectors supplying to or consuming from them. Agglomeration of overvalued stocks is the beginning of a boom cycle with or without government intervention.
39:00
hows this guy alive
Under employed? Become a journalist/broadcaster overnight. Do your local area news/sports. Start by reading headlines from local papers. Record council meetings, local school sports. local lore. Sell local ads. People like local stuff. Parents like to see their kids at games. Start small, get big. Potential is very high verses your time. U already have a phone.
No word on insider trading or causing economic events and betting against them.
Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.
I agree with you 💯... I had a senior colleague at work who was doing well but never had an investment. Unfortunately he lost his job and went from living a comfortable life to hardship. There would had been something to fall back on if he had an investment
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
Love him or Hate Him... He is Proven Legend ......
When you touch the moneny so you do not but the seconod one infect you what happen when touch the moneny
Hungarian language is very beautiful
Real estate boom should be capped by stste rules and not be allowed to go beyond state regulations to allow the flexibility of national and population growth.
Este Homem se tivesse menos 40 anos mudava o curso de todos estes palhaços a nível Mundial pois ninguém tem um Motor assim.
THIS VIDEO WAS NOT HELD AT DAVOS FORUM.
UPDATE: ua-cam.com/video/bPunRfpH29g/v-deo.html
what was that, min 15:15
System glitch .😂😂😂
SOROS ANATHEMA MARAN ATHA - SOROS MAHARAM MOTHA !
Only buy financial instruments that will appreciate in value. If those financial instruments do not appreciate, do not buy them. You will always pay for what you get, but you will not always get what you pay for. So remember, no matter where you go, there you are. You will not get there if you did not go there. To become wealthy, buy when most are selling, and sell when most are buying, i.e., buy when prices are low, sell when prices are high. People will violate this rule by riding the market down when their financial advisors tell them that they need to hold on, the market will recover. The market will recover, but you will only reduce your original losses. Soros wins because he has access to information the suckers do not have. He hacks the markets with the help of fellow hackers who invests with him.
The reflexivity of the financial markets and general market economics in general reflect the egoistic caprice of a small amount of people (the "financial global cabal" or "cabal") with insatiable and psychotic greed who owned most industries through fractional interest and proxies (the "Method") to avoid monopolistic lawsuits or regulatory infractions, including private central banking, offshore tax havens that embezzles tax revenues, IMF that forces usury terms on nations under duress, and even the counsel who drafts international commerce treaties which are nothing more than self-indulgence contracts that give corporations more power than governments even the option to sue for actual and foreseeable damages if nations do not comply with contractual terms, as supra neo-regulatory global agencies against nations that only benefit and expand the cabal's private economic interests by infiltrating local markets with transnational corporations with unlimited funding mechanisms that eliminate most local competition with unfair competition, such as price wars and rigging or limiting raw materials availability to bankrupt and appropriate companies in every nation, employing the same Method formerly mentioned. Further, the volatile reflexivity of financial markets is directly related to a rigged private banking system which employs a subversive mechanism to create inflation and deflation, affluency and bankruptcy, through the subversive and criminal practice of the private central banking cabal to increase and reduce the money supply to create upturns or recessions intentionally when the shift of currency and valuable assets changes hands significantly from the cabals to the middle class, that is to say, through a machinated and well-planned cycle that allows the cabal to force bankruptcies and foreclosures in order to appropriate all valuable assets as a reset system to make sure that the wealth of nations remains in their vaults and not on the hands of nations, much less on the hands of private individuals which the cabal will insidiously prevent as long as they can continue rigging the financial markets with money supply subversive overturns (ua-cam.com/video/-kCIoq5F7O4/v-deo.html), which rules out the absurd and outlandish fallacies of the law of supply and demand, and trickle-down economics, as part of the coups d'état against the economic liberty and sovereignty of nations to forge their own economic future under a new paradigm that will benefit and facilitate the exponential growth of all nations, and the progress of all citizens, not just the egoistic and unjust enrichment of a few that rig and control the financial markets with fraudulent self-serving economic mechanisms via speculation and currency manipulation.
Soros is the greatest speculator ever....
So Bubbles are created by excess available credit - who created the credit model ? Sound like a crafty pyramid scheme
Authorities only can bring good regulation if they are not colluded with fraudulent financers around the world. This condition is not met today.
talking about superbubble in 2009, what a king lmao
He give money to these organisations so that there is chaos. Then he can make money from volatility in markets
GlobalWatch To me Soros complains about "losing money" because of crashes or market corrections! I never heard him complaining about his wins! Think about it! This is a very selfish man! :P
No. Learn something about the capital markets my friend ---- they really don't work that way. D.A., JD NYC
A special man
he got his brilliant mind about finical thinking from the god of this world
How does he even continously give his speech and lectures without looking at any visible notes, like hes reading entire history off his mind/brains
Hard to say, but maybe a teleprompter
Excellent advice, since I got to understand how trading works better. I follow Mrs Bonita Mollet's rules and this has worked amazing for me. Diversify, dollar or pounds cost averaging investing method, portfolio re-balance every quarter and I've found a mix of managed and index funds has worked out the best for me
Would love to hear of some examples where your 'investments' haven't paid off or have fallen through and how you managed it and what you learnt from it. I think that would be really helpful!
As a Forex trader,It's almost inevitable that you're going to experience some ups and downs along the way.Alertness and decisiveness are both fundamental ingredients in the recipe for a sucessful Forex trader
Wow its suprising to come across someone acquainted to Mrs Bonita Mollet,she has really changed my life.Thanks to my brother who referred me to her
Yeah I've also wanted to invest in stock and forex but the fear or losing money has kept me behind.
Actually i just came across the comments about Mrs.Bonita and i must say she is a genius,i have made huge profits from my investment with her.Her strategies are top notch coupled with the efforts she puts in work to make profits
2021 bull run right here. From start to finish 🧐
Lecture or pontificate
And that does not give you any idea on what true busyness is about ?
Market cannot be left alone due to "greed".
Greed is an imbalance factor to the equation.
And the person who proposed that the market to be left alone was acting on the basis of greed.
You wouldn't open a supermarket with no workers, and a sign to just pay by themselves on their way out. Even in the current situation where there are cameras, security and workers, there are still people stealing... Can you imagine if there were no control. Just leave it alone and it will find its equilibrium!!! If people are stealing a canned food, what makes you think they are not going to steal millions of dollars (due to deregulation)?
Even nature, left alone and untouched, has its own governing rule that it must follow in order to thrive.
Amazon Already Did
Un Genio
Also:
I dont give a shit if it bubble or not....or whatever
**
I just ride the wave both ways
everyone drowns eventually they say.
This guy making every nation's in debt problem.
What does this mean?
May
One of the smartest humans ever.
"SUPERBUBBLE", "SUPERCYCLE" - super memes
a great description of the fin markets, and it proves that milton friedman's ideas of self correcting markets are no longer valid
my chess rating increased 150 ... after watching your series sir.
After first heart attack ... markets are living their lives ... without considering risks ... the second heart attack ... there is 20% chance of survival ... 30% in the first heart attack ... 2% × 30% = 6% ...
I can just imagine that renowned Hungarian count taking the valuables off his fellow Jews before being crammed into cattle cars.
Este Senhor com S grande não precisa de papel para discursar.
este Homem não brinca aos cowboys quando fala.
He's wearing a Patek Philippe Nautilus watch. I mean, why not?
Sq..... So viene dopo o prima?????
Is this the class for becoming the next Dr. EVIL? (Just kidding)
Hes not a speculator, he is a planner. He plans and executes his ideas in practice including Rockefeller and Rothchild
Cancella i miei scritti...e giochiamo tutti all'estinzione....👽🛸
Soros does not discuss why banks were saved instead of home owners.
god bless you GOAT
Is the basic premise of "open" vs "closed" society contradictory to what his proposals are. He wants open free society with stricter regulations on supply and credit. Is that not the same as closed society where government controls "free-ness" in every sphere of society?
STILL TRUST !!!!!!!
Thanks for learning us.
Markets are efficient and correct themselves. It's because we have credit, which is why conditions get blown so out of proportion to underlying fundamentals. The upside is overly exuberant, but the downside is extremely painful. Unfortunately, unlevered investors are also susceptible to being taken out.
Be nimble and stay diligent.
lending is not the only reason, and lending is a critical aspect to the economy. just look at history when lending was banned. how is a small guy or even a medium guy going to get an enterprise going? they'd have to struggle to save for years before even getting a chance to risk it.
far worse is monopoly over monetary policy, corruption by politicians, bogus theories like keynesianism and mondern monetary theory.
@@gwho Why is Keynesianism a bogu theory ?